VIS vs XLI: Holdings Overlap
VISVanguard Industrials Index Fund
Vanguard · 381 holdings · $8.5B · as of 2026-05-31
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
Holdings snapshots are 67 days apart (VIS: 2026-05-31, XLI: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are VIS and XLI?
Vanguard Industrials Index Fund (VIS, by Vanguard) holds 381 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 79 holdings in common, and by portfolio weight the two funds are 74.5% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 74.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 79VIS holds 381 · XLI holds 83
- Weight in Shared Holdings
- VIS 75%·XLI 97%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in VIS
302 of 381 positions (24.9% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | VIS | XLI |
|---|---|---|
| Industrials | 99.3% | 99.9% |
| Information Technology | 0.3% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VIS | +1.5% | +20.1% | +25.2% | +20.8% | +14.0% | +14.1% | 0.87% |
| XLI | +1.5% | +20.0% | +24.5% | +20.8% | +14.0% | +14.2% | 1.11% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in VIS vs XLI →
Shared Holdings(79)
The top 10 shared positions account for 40% of the overlap, led by CAT, GE and GEV.
 CATCaterpillar Inc COM | 5.81% | 6.79% | 5.81% |
|---|---|---|---|
 GEGeneral Electric Co. | 4.84% | 6.73% | 4.84% |
 GEVGE Vernova Inc. COM | 3.72% | 4.63% | 3.72% |
 RTXRTX Corp. COM | 3.41% | 5.18% | 3.41% |
 BABoeing Co. (The) | 2.57% | 3.15% | 2.57% |
 ETNEaton Corporation PLC COM USD0.01 | 2.21% | 2.99% | 2.21% |
 DEDeere & Company COM | 1.97% | 2.66% | 1.97% |
 UBERUber Technologies Inc COM | 1.97% | 2.47% | 1.97% |
 UNPUnion Pacific Corporation COM | 1.89% | 3.02% | 1.89% |
 VRTVertiv Holdings Co., Class A | 1.63% | 1.82% | 1.63% |
 LMTLockheed Martin Corporation COM | 1.57% | 2.04% | 1.57% |
 PHParker-Hannifin Corp. COM | 1.51% | 2.32% | 1.51% |
 PWRQuanta Services, Inc. COM | 1.50% | 1.73% | 1.50% |
 TTTrane Technologies PLC COM USD1 | 1.42% | 1.82% | 1.42% |
 HWMHowmet Aerospace Inc COM | 1.40% | 1.99% | 1.40% |
 ADPAutomatic Data Processing, Inc. COM | 1.27% | 1.88% | 1.27% |
 CMICummins Inc. COM | 1.26% | 1.53% | 1.26% |
 WMWaste Management, Inc. COM | 1.21% | 1.46% | 1.21% |
 CSXCSX Corporation COM | 1.19% | 1.62% | 1.19% |
 FDXFedEx Corporation COM | 1.30% | 1.19% | 1.19% |
 JCIJohnson Controls International PLC COM USD1.00 | 1.16% | 1.62% | 1.16% |
 MMM3M Company COM | 1.15% | 1.62% | 1.15% |
 EMREmerson Electric Co. COM | 1.15% | 1.51% | 1.15% |
 GDGeneral Dynamics Corporation COM | 1.13% | 1.69% | 1.13% |
 UPSUnited Parcel Service, Inc., Class B | 1.12% | 1.33% | 1.12% |
Frequently Asked Questions
How much do VIS and XLI overlap?
VIS and XLI overlap by 74.5% of portfolio weight. They share 79 holdings (VIS holds 381 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VIS and XLI?
The two portfolios are 74.5% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of VIS and XLI?
The largest positions held by both funds are CAT, GE, GEV, RTX and BA. Together the top 10 shared positions account for 40% of the total overlap.
What does VIS own that XLI doesn't?
302 positions (24.9% of VIS) are unique to VIS, led by HON, RKLB and BE. In the other direction, 4 positions (2.8% of XLI) are unique to XLI.